Keyes Commercial
Three big projects proposed in Aventura, including condo tower
Aventura has received three major development proposals in recent months that are pending before the city. The wealthy city already has a handful of projects in the works near the Aventura Mall and along the water. Now developers have designs on building another condo, a medical office building and redeveloping a shopping center.
Miami sets record as hotels lead nation
This year has brought a record number of visitors to Miami-Dade’s hotels, which lead the nation in key tourism categories. “We are No. 1 in all key hotel metrics,” said Rolando Aedo, Greater Miami Convention & Visitors Bureau senior VP of marketing and tourism. As of April, Miami’s average daily occupancy was 84.2%, up from…
Miami Worldcenter district gets preliminary approval from county
The developers of the massive Miami Worldcenter project are one step closer to getting a special district that will help finance the construction. Miami-Dade Commissioners gave preliminary approval Tuesday to the Miami Worldcenter Community Development District, the Miami Herald reports. If given final approval…
City Of Opa-Locka Picks Up 80,000 SF Mixed-Use Asset
CVS pharmacy y más taps local vendors, sets sights on national expansion
CVS Health has created a two-way relationship with South Florida’s Hispanic community with the debut of its CVS pharmacy y más brand. The specially stores aren’t solely accepting transactions from the demographics they’re aiming to attract, they’re also bringing new business to some of South Florida’s Hispanic-owned companies.
Built By Father, Sold By Son: PetMed Buildings Trade For $5 Million
The buildings were constructed in 1970 by SVN’s Les Byron, Jr.’s father, Les Byron Associates.
Miami, Key meeting on Marine Stadium
The intensity of use on Virginia Key will be one of the major topics to dominate a joint meeting of neighboring municipalities in the struggle over what to do with Miami Marine Stadium Park. The joint public meeting of the Miami City Commission and the Village Council of Key Biscayne is set for 10 a.m. to 2 p.m. June 16.
Ever Elegant Casa Felipe Building on Miami’s Coral Way Trades
James Hawkins of Keyes Commercial recently represented the seller in the $1,507,500 sale of the Casa Felipe building located at 2298 Coral Way and 2205 SW 23 Avenue in Miami. The property, on a high visibility corner on a highly trafficked corridor between Brickell/downtown Miami and Coral Gables, was constructed in 1950. The Miami-Dade Property Appraiser shows the property as…
Easton & Associates Closes Nearly 130,000 SF Of Industrial Leases
Century 21 Department Store Leases 86,000 SF at Sawgrass Mills
Century 21 Department Store has signed a long-term retail lease for 86,048 square feet at Sawgrass Mills, located at 12680 W. Sunrise Blvd. in Sunrise, FL. The off-price retailer is expected to open its doors at the end of 2016 when it takes space currently occupied by VF Corporation.
Sky High: Examining the Many Promises of SkyRise Miami
Lawsuits, litigants and the usual Miami antics aside, architect William Hamilton Arthur IV architecturally examine the design for SkyRise Miami (video presenentation here), the latest proposed icon to be seated between the port of Miami and Bayside Marketplace. SkyRise Miami is an iconic, entertainment-themed tower designed…
How New SEC Focus Will Affect SFL Real Estate Private Equity
South Florida real estate private equity funds: take note of a recent speech by Marc Wyatt, SEC Director of Compliance, following up on previous concerns expressed regarding fees and expenses for private equity funds. In his speech, the Director disclosed the SEC was expanding its focus beyond traditional…
South Dade offers a new vision
Tomorrow’s South Dade, a comprehensive, community-driven project defining an overarching vision for the future of Miami-Dade County south of 216th Street, is ready for distribution. The report, created through a five-month information-gathering process involving more than 200 contributors, challenges businesses…
Lawsuits against against Miami Worldcenter dismissed
Grand Central Lounge and the Omni/Park West Redevelopment Association, which have fought Miami Worldcenter through lawsuits for months, have voluntarily dismissed their suits against the developers of the massive mixed-use project, The Real Deal has…
Boca Raton office plaza sells for $23M
A Stoltz-managed office building in Boca Raton sold for $23 million, months after the owner defaulted on its mortgage, Palm Beach County records show. Arbern Investors III, an LLC managed by Morris Stoltz, sold the…
Shaking up EB-5
From the New York magazine’s June issue: During the dark days of the credit crisis, developers discovered something of a silver bullet in a little-known U.S. immigration program. Now wildly popular and well-publicized, the EB-5 program offers a green card and potential citizenship…
Canadian investors sell Broward apartments
A Canadian group made a cool $1.3 million after selling the Camelot West Apartments in Wilton Manors. Brass Enterprises, a Toronto-based company that acquires apartment complexes, first purchased Camelot for $4.7 million in 2012. Three years later, the…
Transportation trust rolling out
Miami Commissioner Francis Suarez has put some detail on his plan to create a revenue-generating transportation trust to help meet the city’s long-term transit needs. Mr. Suarez explained the basic framework of the proposed trust at last week’s commission meeting. The transportation trust would be created by ordinance…
Ruling paves way for Institute of Contemporary Art Miami
Plans for the Institute of Contemporary Art Miami’s new home in the Design District received a significant boost yesterday. During a contentious hearing that lasted more than two…
How Miami Retail Stacks Up Nationally
Most luxury storefronts are in five major cities—and Miami (view retail property trends) is one of them. Of course, Miami offers much more than luxury storefronts, but how does it stack up?
CocoWalk Remaking Itself in New Retail Era
“Looking at CocoWalk from a national perspective, it’s clear the property has lagged behind the Grove’s resurgence.”
Alliance Residential breaks ground on Fort Lauderdale apartment complex
Alliance Residential has started construction on the Broadstone Harbor Beach apartment project along Southeast 17th Street in Fort Lauderdale. The eight-story, 349-unit community with 15 boat slips and two parking garages should be completed in the first quarter of 2017. It’s located at 1799 S.E. 17th St., near the Art Institute…